In this video, we will go over everything you need to know about Minnesota real estate purchase agreements. 1. Sale of Property.It includes the purchase price, closing date, financing options, and other terms. A Minnesota purchase agreement records the negotiated terms of a real estate transaction. Can I modify the Minnesota Standard Residential Purchase Agreement? Optimize and streamline your real estate transactions in Minnesota with a time-saving, legally binding Minnesota Real Estate Purchase Agreement template. A For Sale By Owner contract Minnesota must include: 1. The Purchase Price, 2. Agreement. Buyer and Seller agree that listing broker shall deposit any earnest money in the listing broker's trust. 9. Real estate taxes and installments of special assessments which are due and payable in the year in which this Contract is dated shall be paid as follows:.